September 13, 2000
Kuwait’s social security department, which operates one of the world’s most lucrative pension systems, warned last week it will go bankrupt unless the retirement laws are reformed rapidly.
September 12, 2000
Kuwait's civil aviation authority Sunday denied that it had embarked on a huge project to expand the emirate's only international airport, as contractors had announced.
September 11, 2000
Kuwaiti authorities have ordered five policemen behind bars for refusing to detain a runaway AIDS patient.
Sheikh Saud Nasser Al-Sabah, Kuwait’s oil minister and chairman of the board of Kuwait Petroleum Corp. (KPC), has been leading his government’s charge to allow foreign oil majors into the emirate to d
Kuwait has launched a $39 million project to expand the emirate's only international airport and double its capacity to six million passengers a year.
Kuwait's cabinet on Sunday approved a plan to build two new power and water desalination plants at a cost of 780 million dinars (2.5 billion dollars), Electricity and Water Minister Adel Khaled al-Seb
September 10, 2000
Kuwait's cabinet has approved a plan to build two new power and water desalination plants at a cost of 2.5 billion dollars.
Kuwait has launched a 39-million-dollar project to expand the emirate's only international airport and double its capacity to six million passengers a
Kuwait will forge ahead with plans to open its petroleum sector to foreign investment, despite objections in parliament. The Kuwaiti oil ministry says the final implementation of the plan will be coo
Kuwait's earnings from oil in July and August reached 967 million dinars ($3.15 billion ), half of the estimated oil income for the current year, Al-Shall Economic Consultants reported Saturday.
The Kuwait Stock Exchange (KSE) Saturday rose 1.3 percent on the back of new confidence induced by high oil prices and the settlement of billions of dollars of bad debts, analysts and brokers said.
September 9, 2000
The Kuwait Stock Exchange (KSE) rose 1.3 percent on the back of new confidence induced by high oil prices and the settlement of billions of dollars of
September 8, 2000
Kuwait's Oil Minister Sheikh Saud Nasser al-Sabah says he would support a reasonable hike in OPEC output at the cartel's meeting in Vienna despite the
September 7, 2000
A rising Internet connectivity rate in Kuwait is surprisingly proving expensive. A monthly Internet subscription in Kuwait costs up $100, compared to a standard subscription fee of $15 in the United
Kuwait is about to close the books on its $20 billion debt resulting from the 1982 stock market crash. Fearing the collapse of the nations banking system, the government paid $18 billion in debentures